Seneca Foods Co. (NASDAQ:SENEA) Short Interest Update

Seneca Foods Co. (NASDAQ:SENEA) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 94,900 shares, a drop of 23.3% from the December 15th total of 123,800 shares. Approximately 2.1% of the shares of the company are short sold. Based on an average daily volume of 18,500 shares, the days-to-cover ratio is currently 5.1 days.

Seneca Foods Stock Performance

SENEA traded up $1.43 on Thursday, reaching $74.46. 11,799 shares of the stock were exchanged, compared to its average volume of 14,060. The company’s 50-day moving average price is $73.63 and its 200 day moving average price is $65.59. The firm has a market capitalization of $513.03 million, a PE ratio of 12.77 and a beta of 0.27. Seneca Foods has a fifty-two week low of $43.89 and a fifty-two week high of $81.39. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.64 and a quick ratio of 0.33.

Hedge Funds Weigh In On Seneca Foods

Several institutional investors have recently made changes to their positions in SENEA. Marshall Wace LLP increased its position in shares of Seneca Foods by 42.3% during the second quarter. Marshall Wace LLP now owns 46,186 shares of the company’s stock worth $2,651,000 after purchasing an additional 13,725 shares in the last quarter. Jane Street Group LLC lifted its holdings in Seneca Foods by 156.7% in the third quarter. Jane Street Group LLC now owns 16,034 shares of the company’s stock valued at $999,000 after acquiring an additional 9,787 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Seneca Foods by 92.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,390 shares of the company’s stock worth $1,271,000 after purchasing an additional 9,783 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Seneca Foods by 199.4% during the third quarter. Janney Montgomery Scott LLC now owns 13,421 shares of the company’s stock valued at $837,000 after acquiring an additional 8,938 shares during the last quarter. Finally, Clifford Capital Partners LLC raised its stake in shares of Seneca Foods by 160.3% in the 3rd quarter. Clifford Capital Partners LLC now owns 11,002 shares of the company’s stock valued at $686,000 after acquiring an additional 6,776 shares during the period. 42.51% of the stock is owned by hedge funds and other institutional investors.

Seneca Foods Company Profile

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and jarred produce; jarred fruit; and snack chips and other food products under the private label, as well as under various national and regional brands that the company owns or licenses, including Seneca, Libby’s, Aunt Nellie’s, Cherryman, Green Valley, and READ.